<ARTICLE> 7 <CIK> 0000881453 <NAME> ASLAC1298 <MULTIPLIER> 1,000 <CURRENCY> U.S Dollars <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 141,195 <DEBT-CARRYING-VALUE> 149,484 <DEBT-MARKET-VALUE> 149,575 <EQUITIES> 8,210 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 158,263 <CASH> 77,525 <RECOVER-REINSURE> 4,191 <DEFERRED-ACQUISITION> 721,507 <TOTAL-ASSETS> 18,848,273 <F1> <POLICY-LOSSES> 63,053 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 203,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,000 <OTHER-SE> 248,417 <TOTAL-LIABILITY-AND-EQUITY> 18,848,273 <F2> <PREMIUMS> 874 <INVESTMENT-INCOME> 11,130 <INVESTMENT-GAINS> 99 <OTHER-INCOME> 237,437 <F3> <BENEFITS> (2,175) <UNDERWRITING-AMORTIZATION> 86,628 <UNDERWRITING-OTHER> 81,162 <INCOME-PRETAX> 42,921 <INCOME-TAX> 8,154 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 34,767 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1> Included in Total Assets are Assets Held in Separate Accounts of $17,835,400. <F2> Included in Total Liabilities and Equity are Liabilities Related to Separate Accounts of $17,835,400. <F3> Other income includes annuity charges and fees of $186,211 and fee income of $50,839. </FN>